Series 63 Question of the Week

  • December 6, 2018

Under the Uniform Securities Act, which of the following would not have to be disclosed when filing a registration by qualification? A. A statement analyzing the issuer’s profit margin over the last three years compared to the profit margins of its primary competitors B. The capitalization and long-term debt of the issuer and any significant […]

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Series 4 Question of the Week

  • December 6, 2018

An investor has a margin account as follows. Regulation T is 50%. Long 100 XYZ @ 80\tab Debit Balance $11,700 Long 100 PDQ @ 100\tab SMA -0- He sells 20 shares of PDQ for $2,000. The SMA can be credited with: A. $0 B. $1,000 C. $500 D. $2,000 Correct Answer(s): B. $1,000 Explanation: The […]

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Series 9 Question of the Week

  • December 6, 2018

An investor establishes the following: Short 700 ONST at 39.20 Short 7 ONST May 37.50 puts at 2.90 Which of the following are not false? I. The investor has the potential for an unlimited gain II. The investor’s potential loss exceeds their potential gain III. The Investor is bearish IV. The investor is fully hedged […]

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Series 26 Question of the Week

  • December 6, 2018

Many large mutual fund companies offer the following privileges to their investors: A. Combination privileges B. Conversion and exchange privileges C. 30-Day emergency withdrawal D. All of the choices listed Correct Answer(s): D. All of the choices listed Explanation: Large mutual fund companies frequently offer all of the choices listed privileges to their investors.

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Series 6 Question of the Week

  • December 6, 2018

A corporation may pay a dividend in which of the following ways? A. Stock B. Cash C. Stock of another company D. All of the choices listed Correct Answer(s): D. All of the choices listed Explanation: All of the ways listed are ways that a company can pay a dividend.

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Series 7 Question of the Week

  • December 6, 2018

All of the following pay dividends except: A. Common stock. B. Preferred stock. C. ADRs. D. Warrants. Correct Answer(s): D. Warrants. Explanation: Warrants do not pay dividends.

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Series 65 Question of the Week

  • December 6, 2018

A client has received inside information from a friend about a new technology stock in the market. The client has instructed his broker to enter an order to sell 1000 shares of the stock shortly after he purchased the shares, and he is realizing a material gain of $10,000. What would be the outcome of […]

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Series 24 Question of the Week

  • December 6, 2018

A firm wishing to quote an issue in the OTCBB may piggyback another dealer’s continuous quote in the pink sheets if: I. The security has a bid price of at least $5 II. The issuer is not in bankruptcy III. The security is issued by a domestic issuer IV. The issuer current with its reporting […]

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Series 66 Question of the Week

  • December 6, 2018

The broker call loan rate is: A. The rate that member banks charge each other for overnight loans B. The rate that banks charge their most credit worthy corporate customers on loans C. The rate that the Federal Reserve Bank charges member banks on loans D. The rate that banks charge to broker dealers to […]

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